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Sell TCS on a rally: Ravi Nathani

Ravi Nathani/Mumbai 26 Jun 12 | 05:36 AM

Below mentioned are the intraday trading levels:
 

S&P CNX NIFTY CMP 5114.65

Trade below 5093 would open doors for 5045, traders watch this level closely as markets would attract selling pressure below 5093

Intraday trading Levels Buy Above:  5136 Resistance 5149 | 5170 | 5204 Sell Below: 5094 Support 5081 | 5060 | 5026

             

KOTAKBANK CMP 572.30

Range bound on charts (590 – 558) trade above / below would add trigger in the direction…

Intraday trading Levels Buy Above:  576 Resistance 579 | 583 | 590 Sell Below: 568 Support 566 | 562 | 555

             

JINDALSTEL CMP 428.35

Strong support on chats is expected at 424, close below this level would attract fresh selling pressure on charts; watch this level closely…

Intraday trading Levels Buy Above:  432 Resistance 435 | 439 | 446 Sell Below: 424 Support 422 | 418 | 411

              

TCS CMP 1216.75

Near term trend is down, best trading strategy would be sell on rise

Intraday trading Levels Buy Above:  1223 Resistance 1227 | 1234 | 1244 Sell Below: 1210 Support 1206 | 1200 | 1189

 

How to read these levels

·         Please do not trade for the first 15 minutes in the opening of the market.

·         These levels would work only on National Stock Exchange

·         In first 15 minutes of trade if both the sides target has been achieved than don’t trade that stock

·         In first 15 minutes please check if any one side of the levels is achieved and it is crossing yesterday

          close than kindly follow the below mentioned combinations

 

1.       If Sell below is achieved than expect Buy Above 2nd target

2.       If Sell Below 1st Target Is Achieved than expect Buy Above 1st target

3.       If Sell Below 2st Target Is Achieved than expect Buy Above 2nd target

4.       If Sell Below 3rd Target Is Achieved than expect Yesterday’s Close

5.       Sell Below 3rd Target is broken than Don’t Touch the stock

6.       If Buy Above Is Achieved than expect Sell Below 2nd target

7.       If Buy Above 1st Target Is Achieved than expect Sell Below 1st target

8.       If Buy Above 2st Target Is Achieved than expect Sell Below 2nd target

9.       If Buy Above 3rd Target Is Achieved than expect Yesterday’s Close

10.   Buy Above 3rd Target is broken than Don’t Touch the stock

 

Disclaimer: We & our clients do not carry any positions in the above mentioned stocks / indices, however we may trade / advise the above said for trading to our clients

 

(Ravi Nathani is a Mumbai based Technical Analyst for more details visit www.nsetoday.com)

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B H E L189.301.42
Tata Steel426.601.32
M & M1,036.751.22

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